Countrywide's Martha Stewart

[B12]

The CEO of Countrywide is being investigated for dumping 130million dollars worth of stock in the past year.

The stock sold for 45. at the beginning of this year and is at 17.
this week.
CW would be bankrupt right now if not for the Bank of America bailout.

SEC is thinking that the selling of the stock might be "too much of a coincidence."

I wonder if the CEO can teach homemaking in jail.

[tinroofrusted]

I don't know.
We've been hearing of a potential "mortgage melt down" for nearly a year and a half now....

[B12]

I guess the CEO had heard about the meltdown last year also, LOL.

Probably why SEC is looking at him.